Asked by Ouita Weeden-Dawson on Jul 03, 2024
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Leviathan Corp.filed a civil Racketeer Influenced and Corrupt Organizations Act (RICO)lawsuit against NBS Bros. ,an accounting firm.NBS asked the court to dismiss the case for two reasons: first,Leviathan did not allege,and cannot prove,that NBS is connected in any way with organized crime,as that term is customarily used;and second,Leviathan did not allege,and cannot prove,that NBS was criminally convicted of a predicate offense.Should NBS succeed with these arguments? Explain your reasoning.
Civil RICO Lawsuit
A legal action brought under the Racketeer Influenced and Corrupt Organizations Act (RICO) for claims involving a pattern of racketeering or illegal activities.
Predicate Offense
A crime that is a component of a larger crime or is required to be convicted for a charge, often used in the context of legal proceedings regarding complex fraud or organized crime.
- Understand the differences between crime classifications, particularly white-collar crimes, and become familiar with related legal frameworks like the Sarbanes-Oxley Act.
- Comprehend the outcomes of criminal behaviors within the framework of laws including RICO and the Computer Fraud and Abuse Act.
Verified Answer
Learning Objectives
- Understand the differences between crime classifications, particularly white-collar crimes, and become familiar with related legal frameworks like the Sarbanes-Oxley Act.
- Comprehend the outcomes of criminal behaviors within the framework of laws including RICO and the Computer Fraud and Abuse Act.
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